But now if I so much as contemplate a deal or view a property without consulting her she is 'miffed'.Now after many years of successful deals & just a couple of bad ones GUESS which ones she remembers the absolute intricate details of.Good luck

Good Morning,A friend of mine was put on title of a rental condo as a gift about 5 years ago. 

We thought about the physician loan but the closing cost would be higher than the FHA and we would not be able to use gifts from families and seller rebates. 

I know parents and Grandparents who buy polices for their children as a gift for their retirement or future goals. 

I'm doing 3.5 down FHA and have over half and getting gifted the balance so should I just show the half with letter of explanation?

With gift funds through Ameridream(etc), lower qualifying scores, and affordable rates we had a decent system going.It's no secret mortgages are much harder to qualify for now.

He was given some Disney stock as a gift about 10 years ago.

Is there anyway we can gift the estate in its entirety without paying hundreds of thousands of dollars?

You can use a conventional loan and have your dad gift you the equity in the property so that you dont come out of pocket with the 20% or you can use FHA to reduce your cash outlay and only need to come up with 3.5% if you occupy.Student loan calculations for lenders are actually pretty generous.

I read that my father would be able to give me a gift of equity to make up the difference and also account for the 20% down payment, thus avoiding pmi.